- April 9, 2025
- Posted by: Hope Kayuni
- Category: General
The National Pension Scheme Authority (NAPSA) has disbursed a total of K10.1 billion in partial withdrawals to 487,389 eligible members out of the total membership of 1,119,412, since the implementation of the partial withdrawal benefit in April 2023.
Of the total amount paid out, K6 billion represents members’ raw contributions, while K4.1 billion is attributed to indexation and interest earned – accounting for 41% of the total amount paid. This demonstrates the value of long-term pension savings and the growth of members’ funds under the scheme.
Of the 487,389 recipients,
- 76,980 are women, who have collectively received K1.7 billion
- 104,293 are categorized as youths, having received a combined total of K1.2 billion
Speaking on the development, NAPSA Director General reaffirmed the Authority’s strong financial standing, stating that the fund remains liquid and sustainable for all benefit types. This assurance is backed by the scheme’s remarkable 31% growth in fund value, from K67 billion in December 2023 to K88 billion in December 2024.
Beyond individual empowerments espoused by the Republican President Mr Hakainde Hichilema, the economic impact of the partial withdrawals has been significant. Numerous beneficiaries have invested their funds in various ventures such as housing, poultry businesses, trade, government bonds, and treasury bills, contributing meaningfully to national economic activity and job creation.